On a price-adjusted basis, the german retail sector witnessed a 3.1% downturn in 2023 compared to the previous year. Contrasting with the pinnacle reached in 2021, the steepest decline since 1994 is anticipated, with a real annual turnover drop of 3.8%.

Inflation, a formidable adversary, has cast a shadow over the propensity to consume, prompting a noteworthy shift.